SEC Form 4 · accession 0000899243-16-015227
SUNPOWER CORP · SPWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marty T Neese
Officer — Chief Operating Officer
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 5:41 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000867773
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 1, 2016 | M | 32,036 | $0.00 | A | 120,398 | D | |
| Common Stock | Mar 1, 2016 | M | 23,334 | $0.00 | A | 143,732 | D | |
| Common Stock | Mar 1, 2016 | M | 7,046 | $0.00 | A | 150,778 | D | |
| Common Stock | Mar 1, 2016 | M | 5,667 | $0.00 | A | 156,445 | D | |
| Common Stock | Mar 1, 2016 | M | 2,800 | $0.00 | A | 159,245 | D | |
| Common Stock | Mar 1, 2016 | F | 13,016 | $23.68 | D | 146,152 | D | |
| Common Stock | Mar 1, 2016 | F | 3,677 | $23.68 | D | 142,475 | D | |
| Common Stock | Mar 1, 2016 | F | 12,176 | $23.68 | D | 130,299 | D | |
| Common Stock | Mar 1, 2016 | F | 2,958 | $23.68 | D | 127,341 | D | |
| Common Stock | Mar 1, 2016 | F | 1,462 | $23.68 | D | 125,879 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-Based Restricted Stock Units (PSUs)F1,F2 | — | Mar 1, 2016 | M | 32,036 | D | — | — | Common Stock | 32,036 | 0 | D |
| Restricted Stock Units (RSUs)F4,F5 | — | Mar 1, 2016 | M | 23,334 | D | — | — | Common Stock | 23,334 | 0 | D |
| Performance-Based Restricted Stock Units (PSUs)F1,F6 | — | Mar 1, 2016 | M | 7,046 | D | — | — | Common Stock | 7,046 | 7,046 | D |
| Restricted Stock Units (RSUs)F4,F7 | — | Mar 1, 2016 | M | 5,667 | D | — | — | Common Stock | 5,667 | 5,666 | D |
| Restricted Stock Units (RSUs)F4,F8 | — | Mar 1, 2016 | M | 2,800 | D | — | — | Common Stock | 2,800 | 5,600 | D |
Explanation of responses
- F1Each PSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F2The PSUs were earned based on performance in a prior year but were then subject to time-based vesting. The last vesting date for these PSUs was March 1, 2016.
- F3Disposition of shares exempt under Rule 16b-3 as payment of tax liability to Company by delivery or withholding securities incident to vesting of restricted stock shares.
- F4Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.
- F5The last vesting date for these RSUs was March 1, 2016.
- F6The PSUs were earned based on performance in a prior year but were then subject to time-based vesting. The remaining portion of these PSUs will vest on March 1, 2017.
- F7The remaining portion of these RSUs will vest on March 1, 2017.
- F8The remaining portion of these RSUs will vest in installments on March 1, 2017 and March 1, 2018.